UnionBank Private Banking recognized by Asian Private Banker as the Best Domestic Private Bank in PH

Union Bank of the Philippines’ (UnionBank) Private Banking Group was recently named ‘Best Domestic Private Bank” in the Philippines at the Asian Private Banker Awards for Distinction.

For over ten years now, the awards have set the benchmark for excellence in private wealth management in the Asia Pacific region.

UnionBank Private Banking was recognized for pairing a global network of capabilities and expertise, with a localized relationship and experience. Through its strategic alliance with one of the oldest and most trusted private banks in the world—Lombard Odier, UnionBank Private Banking sought to fill the gaps in Philippine wealth management solutions by offering a well-rounded, bespoke, open architecture wealth management servicing and advisory. Clients are given a local touchpoint without sacrificing access to global investment management solutions, including an emphasis on sustainable investments.

Even amidst the pandemic, UnionBank Private Banking was able to boost clients’ trust and confidence by maintaining operational standards and fulfill clients’ requirements and instructions even with a remote work set-up, making global funds available upon request of the client and crafting bespoke model portfolios to achieve optimal returns. 

UnionBank Private Banking highlighted the need for the next generation to be responsible for the wealth. To appeal to the younger clients who are more tech-savvy, the Bank has taken a digital-first approach by prioritizing integrating the service in the UnionBank mobile app and by establishing the NextGen Academy, an event series designed to empower and set the entrepreneurial foundation for the next generation of family business leaders, with topics such as family business succession, asset allocation, business transition across generations, and sustainability.

In 2020, UnionBank Private Banking has also been able to successfully transition flagship events such as NextGen Academy and E-conoMix to an online setting, which served as an avenue for strengthening the relationship and engagement with clients by providing a world-class, seamless, and holistic Private Banking experience.

In the previous years, UnionBank Private Banking also received the following accolades for its wealth management services:

Best Private Bank in the Philippines and Best Private Bank for Succession Planning 2021 from The Digital Banker, Best for Wealth Transfer/Succession Planning from the 2021 Asiamoney Private Banking Awards, Best NextGen Offering 2020 from The Digital Banker, Best Next-Generation Offering 2020 from The Private Banker International, and Best for Wealth Transfer/Succession Planning from the 2020 Asiamoney Private Banking Awards.

For more information about UnionBank Private Banking, visit https://www.unionbankph.com/private-banking

ADVT